Company Update

HALO Invest - Media release -UK launch and new CEO

September 09, 2024

HALO Invest launches in the United Kingdom and appoints Douglas Boyce as Chief Executive Officer following regulatory approval from the FCA

HALO Invest (a UK company that is wholly owned subsidiary of HALO Technologies Ltd (HAL:ASX)) has launched in the UK and appointed experienced financial service executive Douglas Boyce as its Chief Executive.
The UK Financial Conduct Authority (FCA) approved HALO Technologies’ change of control application for its acquisition of Resilient Funds Management in September, clearing the path for the establishment of HALO Invest in the UK.
HALO Technologies has continued its strong growth in funds under management, up 101.5% and client numbers, up 21.6% in the calendar year to 1 December 2023.

HALO Invest has today announced its formal launch in the UK and the appointment of experienced financial executive Douglas Boyce (subject to regulatory approval) as the Chief Executive of HALO Invest in the United Kingdom, formerly known as Resilient Funds Management, which was acquired by HALO Technologies earlier this year.

HALO Technologies is an online global equities research and trade execution software solution provider that brings sophisticated institutional-grade analytical frameworks and market insights to everyday investors. HALO includes two integrated offerings in HALO Global, designed for hands on investors who want professional grade tools without the cost, and HALO Trading which offers global trade execution capability and ready-made themed investment portfolios that are ideal for ‘low touch’ investors, ‘values based’ investors and self-directed pension funds.

Douglas Boyce appointed as CEO of HALO Invest

Douglas brings over 30 years’ experience in UK financial services and is well placed to lead the development and growth of HALO Invest in the United Kingdom. He has served in a variety of senior executive roles, most recently as Managing Director at SS&C Hubwise, with prior stints at FNZ and Interactive Investor. He is an accomplished financial executive with a proven track record of growing successful finance sector platform businesses in the UK.

“We are very excited to initiate our expansion into the United Kingdom with Doug Boyce at the helm of HALO Invest. He brings a wealth of skills and expertise as well as much needed local knowledge to complement our existing global team”, said George Paxton, Chief Executive of ASX listed HALO Technologies.

“I am delighted to be joining HALO Invest as it establishes itself in the United Kingdom. HALO is a forward-looking business committed to providing a first-class investment experience for all clients by using the best possible technology. I am looking forward to getting out there to demonstrate our proven products and explain our unique value proposition,” said Doug Boyce, Chief Executive of HALO Invest.

“In the near term, we will be focusing on deepening our existing team with recruitment of the best possible people, refining our product offering and pricing for the UK market, and ensuring our technical capability is in place with a view to going live in the New Year”, he added.

Update on FUM and client numbers

In the current year to 1 December 2023, HALO Technologies’ Funds Under Management has grown by 101.5% to $417.9 million while client numbers have grown by 21.6% to 3,617. The growth in both FUM and client numbers has been driven by a combination of organic client acquisition, equity market performance and consolidation of client accounts onto the HALO platform.